Have you lost a ton of money this year (or last) in the markets? 401K more like a 41K? I did a nice little guest post over at GenXFinance on how to handle tremendous investment losses. It’s a topic I know just a little bit about : ). Just a little. So if you’re feeling down about your portfolio, I probably have a tip or two there that will make you feel better.
Also, Lynnae from BeingFrugal was kind enough to host a nice article I wrote for her about taking frugality too far. I used to get physically sick even spending money on groceries. I’ve since gotten better with that, but it is still something I struggle with.
So if you’ve lost a ton of money and are thinking you might be now taking frugality too far…there you go. Two nice posts for ya!
{ 3 comments… read them below or add one }
No. I still retain most of what I have actually put in the market but lost the growth. The funny thing is right now is the best time to be in it because it will go back up. I think people will eventually look back at this time as being one of the major factors in building wealth. Money you set aside that you don't need to use for more than 5 years is investing, less than that it's called savings.
I've lost a ton of money in my stocks. Thansk for the very informative site. Please check out my site. http://surveymonsterz.blogspot.com
Our Vanguard IRA lost 55%…its makes us ill to even look at the statement. We would have been better off to cash it in last year, paid the penalty and paid off debt…if it recovers…our grandchildren will be the ones to enjoy it..not us.